CBOT soybeans fall on forecast for rains in Brazil
CHICAGO, Oct 3 (Reuters) -Chicago Board of Trade soybean futures dipped on Thursday as traders anticipated beneficial rains next week in northern Brazil, a major producer of the oilseed.
CBOT November soybeans SX24 settled down 10 cents at $10.46 a bushel.
Most-active December soymeal SMZ24 ended down $7.90 at $332.50 per short ton.
December soyoil BOZ24 closed up 0.89 cent at 44.53 cents per pound.
The USDA reported export sales of U.S. 2024/25 soybeans in the week ended Sept. 26 at 1,443,500 metric tons, in line with trade expectations for 1,000,000 to 1,600,000 tons.
Analysts said long-awaited rains are expected in Brazil after dry weather slowed planting.
But in soybean-growing areas of the central United States, dry weather concerns are lending some support to the market, analysts said.
Reporting by Renee Hickman; Editing by Mark Porter
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